Samsung hits market share with over 17% in Q3 (South Korea)
Samsung Electronics gains in third quarter despite the global economic slow down. Samsung hits the largest-ever market share with over 17% of industry sales. The operating profits from cell phones augmented over 9% from July to September. Nokia, which leads the chart of top cell phone maker shows a drop of 2% points from the previous quarter, and Motorola saw operating losses of 27% and its market share slipped by a point from the previous quarter.
Its third quarter sales were up 15% from a year ago and 6% from the second quarter. However, ascending prices ate potential earnings lead to drop in profit to 44% from last year and 43% from the previous quarter.
